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Prestige Estates Projects Ltd

Wed 21/05/2025,15:49:21 NSE: PRESTIGE

₹ 1432.60 13.00 (0.92%)
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Prestige Estates Projects Ltd

Wed 21/05/2025,15:49:21 | NSE : PRESTIGE

₹ 1432.6013.00 (0.92%)

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Market Data

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Open

₹ 1428.00

Previous Close

₹ 1419.60

Volume

333328

Mkt Cap ( Rs. Cr)

₹61706.41

High

₹ 1449.90

Low

₹ 1424.10

52 Week High

₹ 2074.80

52 Week Low

₹ 1048.05

Book Value Per Share

₹ 384.28

Dividend Yield

0.12

Face Value

₹ 10.00

What’s Your Call?

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Buy

90.91%

Hold

3.90%

Sell

5.19%

90.91%

77 users have voted

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Sell Order Quantity

100%

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0

Bid Price

Qty

1432.60

243

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Bid Total

243

Option Chain

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News

Media spotlight triggers stock stock attention, sentiment.

  • Prestige Estates Pro - Monitoring Agency Report

    14 May 2025, 2:53PM Monitoring Agency Report for the quarter ended March 31, 2025.

  • Prestige Estates Pro - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

    14 May 2025, 2:45PM Monitoring Agency Report for the quarter ended March 31, 2025.

  • Prestige Estates Pro - Agreements

    9 May 2025, 5:19PM Prestige Estates Projects Limited has informed the Exchange about 'Framework Agreement' entered with Arihant Foundations and Housing Limited.

  • Prestige Estates Pro - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

    9 May 2025, 5:13PM Prestige Estates Projects Limited has entered into a 'Framework Agreement' with Arihant Foundations and Housing Limited.

  • Prestige Estates Pro - Press Release

    6 May 2025, 4:29PM Prestige Estates Projects Limited has informed the Exchange regarding a press release dated May 06, 2025, titled ""Prestige Group makes strong debut i

  • Prestige Estates Pro - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    6 May 2025, 4:24PM Intimation of press release titled, \Prestige Group makes strong debut in NCR: Clocks ? 3,000 cr of Sales within a week of launch.

  • Prestige Estates Pro - General Updates

    5 May 2025, 7:00PM Prestige Estates Projects Limited has informed the Exchange about Issuance of Corporate Guarantee to wholly owned subsidiary.

  • Prestige Estates Pro - Issue Of Corporate Guarantee To Wholly Owned Subsidiary.

    5 May 2025, 6:53PM Issue of Corporate Guarantee to wholly owned subsidiary.

  • Prestige Estates Pro - Prestige Estates Projects Limited Wishes To Inform About Receipt Of Approval From Real Estate Regulato

    29 Apr 2025, 8:12PM Prestige Estates Projects Limited wishes to inform about the receipt of approval from Real Estate Regulatory Authority and launch of 'The Prestige Cit

  • Prestige Estates Pro - General Updates

    29 Apr 2025, 8:12PM Prestige Estates Projects Limited has informed the Exchange about receipt of approval from Real Estate Regulatory Authority and launch of the residen

  • Prestige Estates Pro - Issue Of Corporate Guarantee To Subsidiary.

    29 Apr 2025, 8:03PM Issue of Corporate Guarantee to subsidiary.

  • Prestige Estates Pro - Giving guarantees/indemnity/ becoming a surety for third party

    29 Apr 2025, 8:03PM Prestige Estates Projects Limited has informed the Exchange about Issuance of Corporate Guarantee to Subsidiary

  • Prestige Estates Pro - General Updates

    24 Apr 2025, 9:58PM Prestige Estates Projects Limited has informed the Exchange about Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requi

  • Prestige Estates Pro - Announcement under Regulation 30 (LODR)-Offer for Sale

    24 Apr 2025, 9:56PM Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015- Offer for Sale

  • Prestige Estates Pro has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    21 Apr 2025, 10:40PM As of March 2025, 60.95% is owned by Indian Promoters and 39.06% by Public. <p align=justify> Institutional holds 36.31% (Insurance Companies 1.32%) a

  • Prestige Estates Pro - Giving guarantees/indemnity/ becoming a surety for third party

    17 Apr 2025, 11:30PM Prestige Estates Projects Limited has informed the Exchange about Issuance of Corporate Guarantee to Wholly Owned Subsidiary

  • Prestige Estates Pro - Issuance Of Corporate Guarantee To Wholly Owned Subsidiary

    17 Apr 2025, 11:09PM Issuance Of Corporate Guarantee To Wholly Owned Subsidiary

  • Prestige Estates Q4 sales jump 48% to Rs 7,000 cr; FY25 bookings dip 19% to Rs 17,000 cr

    17 Apr 2025, 12:30PM Prestige Estates Projects Ltd reported a 48% surge in sales bookings to nearly Rs 7,000 crore for the January&ndash;March quarter. However, its total

  • Prestige Estates Pro - General Updates

    16 Apr 2025, 10:18PM Prestige Estates Projects Limited has informed the Exchange about operations update for the quarter and year ended March 31, 2025.

  • Prestige Estates Pro - Operations Update For The Quarter And Year Ended March 31, 2025.

    16 Apr 2025, 10:13PM Operations update for the quarter and year ended March 31, 2025.

  • Prestige Estates Pro - Incorporation-XBRL

    12 Apr 2025, 6:40PM Prestige Estates Projects Limited has informed the Exchange regarding Incorporation

  • Prestige Estates Pro - Incorporation Of A Subsidiary.

    12 Apr 2025, 6:18PM Incorporation of a subsidiary.

  • Prestige Estates Pro - General Updates

    12 Apr 2025, 6:13PM Prestige Estates Projects Limited has informed the Exchange about incorporation of a subsidiary.

  • Prestige Estates Pro - Press Release

    9 Apr 2025, 9:54AM Prestige Estates Projects Limited has informed the Exchange regarding a press release dated April 09, 2025, titled ""Press Release: Launch of resident

  • Prestige Group Launches 14 Mn Sq. Ft. in Q4 FY25, Records Rs 161,338 Mn GDV

    9 Apr 2025, 10:42AM Prestige Estates Projects Limited, one of India&rsquo;s top real estate developers, announced the successful launch of multiple residential projects i

  • Prestige Estates Pro - Announcement under Regulation 30 (LODR)-Press Release / Media Release

    9 Apr 2025, 9:52AM Press Release: Launch of residential projects.

  • Prestige Estates Pro - Announcement Under Regulation 30 - Investment In Wholly Owned Subsidiary.

    28 Mar 2025, 9:03PM The Company has invested in the Equity Shares of Prestige Hospitality Ventures Limited, Wholly owned subsidiary.

  • Prestige Estates Pro - General Updates

    28 Mar 2025, 8:56PM PRESTIGE: Prestige Estates Projects Limited has informed the Exchange about investment in Equity Shares of Prestige Hospitality Ventures Limited, Whol

  • Prestige Estates Pro - Intimation Under Regulation 30 Of SEBI(LODR),2015

    28 Mar 2025, 7:48PM Intimation under Regulations 30 of SEBI (LODR), 2015 for reconstitution of Prestige Vaishnaoi Projects, Joint Venture

  • Prestige Estates Pro - Trading Window-XBRL

    28 Mar 2025, 7:38PM Prestige Estates Projects Limited has informed the Exchange about Closure of Trading Window

  • Prestige Estates Pro - General Updates

    28 Mar 2025, 7:30PM Prestige Estates Projects Limited has informed the Exchange about Closure of Trading Window

  • Prestige Estates Pro - General Updates

    28 Mar 2025, 7:28PM Prestige Estates Projects Limited has informed the Exchange about Reconstitution of Prestige Vaishnaoi Projects, Joint Venture of the Company

  • Prestige Estates Pro - General Updates

    3 Mar 2025, 6:34PM Prestige Estates Projects Limited has informed the Exchange about Disclosure under SEBI LODR Regulations, 2015

  • Prestige Estates Pro - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulatio

    3 Mar 2025, 6:28PM Intimation under Regulation 30 of SEBI (LODR) Regulation, 2015

  • Prestige Estates Pro - General Updates

    25 Feb 2025, 11:08PM Prestige Estates Projects Limited has informed the Exchange about Disclosure under SEBI LODR Regulations, 2015

  • Prestige Estates Pro - Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015

    25 Feb 2025, 11:05PM Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015

  • Prestige Group

    7 May 2025 , 9:35AM Prestige Group’s debut residential project in NCR, The Prestige City, Indirapuram, received a massive response, with over Rs 23,000 crore in sales from 1,200 units within a week. Spread across 62.5 acres, the project offers premium living with 3,421 homes in two phases and an upcoming Forum Mall of 1.18 million sq. ft., marking a strong entry into the NCR market. Positive

  • Prestige Estate Projects

    30 Apr 2025 , 9:02AM The company has officially debuted in the National Capital Region (NCR) residential market with the launch of The Prestige City – Indirapuram, beginning with the Oakwood and Mulberry phases, featuring 3,421 premium homes across 19 towers. With a Gross Development Value (GDV) exceeding Rs. 9,000 crore in Phase 1 and projected to reach Rs. 12,000 crore with the upcoming Mayflower phase, the project marks one of NCR’s largest real estate entries. Spanning 62.5 acres, it includes luxury residences, two clubhouses, and a 1.18 million sq. ft. Forum Mall, offering excellent connectivity and upscale urban living in Indirapuram Extension. Positive

  • Prestige Estates Projects

    18 Nov 2024 , 10:36AM The company announced latest acquisition through conveyance of land ~22,135 sq. meters of land together with all rights within the Jurisdiction of Mira Bhayandar Municipal Corporation, Mumbai next to western express highway. The acquired land will be planned for residential development spanning ~1 Mn sq ft of carpet area. The cost of acquisition is around Rs. 291.58 Cr. Positive for the stock.

  • Prestige Estates Projects

    29 Oct 2024 , 11:12AM The company announced its latest acquisition of ~17.45 acres of prime land in Whitefield, Bengaluru. The acquired land will be planned for Residential Development spanning ~2.68 Mn sq ft of developable area. The cost of acquisition is around Rs. 462 crore. Positive for the stock.

  • Prestige Estates Projects

    26 Sep 2024 , 10:12AM The company has announced the launch of its residential project in Whitefield (Bangalore) - Prestige Pine Forest, having a sales potential of Rs. 1100 crore. Positive for the stock.

  • Prestige Estates Projects

    26 Sep 2024 , 10:08AM The company has announced the launch of its residential project in Whitefield (Bangalore) - Prestige Pine Forest, having a sales potential of Rs. 1100 crore. Positive for the stock.

  • Prestige Estate Projects

    30 Aug 2024 , 12:08PM The company authorised the opening of its QIP issue on August 29, 2024 at a floor price of Rs. 1755.09 per share (~2% higher than LTP). It may offer a discount of not more than 5% on the floor price.

  • Prestige Estates Projects

    24 Jun 2024 , 10:27AM The company’s board approved 1) Raising of funds by way of issuance of equity shares or other eligible securities for an aggregate amount not exceeding Rs. 5,000 Crores by way of qualified institutional placement (QIP) or other permissible mode and 2) To monetize assets of the Hospitality segment through Prestige Hospitality Ventures, wholly owned subsidiary of the Company by way of issue of shares subject to approval of shareholders, market conditions and receipt of applicable approvals. Positive for the stock.

  • Prestige Estates

    5 Apr 2024 , 10:46AM Prestige Group acquires ~21 acres of prime land in Whitefield, Bengaluru. The acquired land will be planned for Residential Development spanning ~4 msf of developable area, comprising around 1800 apartments, with a projected Gross Development Value (GDV) of Rs. 4,500 Cr. The cost of acquisition is ₹450 Cr. Positive for the stock.

  • Prestige Estates signs deal with ADIA & Kotak AIF

    1 Apr 2024 , 9:57AM Prestige Group enters into Landmark Deal with ADIA and Kotak AIF for Rs. 2,001 Crores

  • Prestige Estates Projects

    22 Mar 2024 , 10:49AM The Company through its subsidiary, has acquired 62.5 acres of Prime land in Indirapuram Extension, NCR. The cost of acquisition amounts to Rs. 468 Cr, along with a revenue share. It plans to develop its Integrated Township, “The Prestige City” spanning over 10 msf of saleable area, with a project GDV surpassing Rs. 10,000 crore. Positive for the stock.

  • Prestige Estates Projects

    7 Mar 2024 , 10:28AM The company has launched a luxury residential project in Bengaluru with a revenue potential of Rs. 800 crore. Positive

  • Prestige Estates

    24 Nov 2023 , 10:45AM The company announced the launch of Prestige Glenbrook—a high-rise residential project situated in Whitefield, Bangalore. The development comprises of 285 apartments across two high-rise towers with a developable area of 0.7 msf and has a revenue potential of Rs. 550 Crores. Positive for the stock.

  • Prestige Estates Projects:

    9 Oct 2023 , 11:05AM For Q2FY2024, the company registered sales of Rs. 7093 crore (up 102% y-o-y, up 81% q-o-q) attributed to sales volume of 6.84 msf (up 50% y-o-y, up 79% q-o-q) and average price realisation of Rs. 10,369 psf (up 34% y-o-y, up 1% q-o-q). Collections during Q2FY2024 stood at Rs. 2640 crore (up 1% y-o-y, down 4% q-o-q). It launched five projects totalling 13.1 msf and completed 2.21 msf in Q2FY2024. Positive for the stock.

  • Prestige Estates Projects

    13 Jul 2023 , 11:33AM During Q1FY2024, the company registered sales of Rs. 3914.7 crore (up 30% y-o-y, up 1% q-o-q) and collections of Rs. 2740.8 crore (up 28% y-o-y, down 1% q-o-q). Mumbai region contributed Rs. 600 crore of sales while newly launched Lavender fields contributed over Rs. 2000 crore of sales (85% project sold). The sales volume were up 6% y-o-y (down 4% q-o-q) at 3.83msf while average realisations were up 20% y-o-y at Rs. 10,244/sft. It launched one new project of 3.12msf versus 9.67msf/5.27msf launched in Q1FY2023/Q4FY2023. The total completions stood at 5.9msf versus 0.78msf/1.28msf in Q1FY2023/Q4FY2023. Positive for the stock.

  • Prestige Estates Projects

    6 Jul 2023 , 9:45AM The Company and its wholly owned subsidiary Prestige Exora Business Parks has entered into Joint Venture agreement with W.S. Industries (India) for development of IT/IT enabled services/parks in 6.53 acres of immovable property at No.108, Mount Poonamallee Road, Porur, Chennai. Positive for the stock.

  • Prestige Estates Projects

    6 Jul 2023 , 9:07AM Company has entered into a joint venture agreement with W S Industries for the development of IT/IT-enabled services/parks.

  • Prestige Estates Projects Q4FY23 Consolidated Result

    31 May 2023 , 10:24AM Prestige Estates Projects Q4FY23 Consolidated Results – Earnings beat estimates;

  • Prestige Estates Projects:

    19 Apr 2023 , 10:31AM Prestige Estates Projects: The company through its wholly owned subsidiary Prestige Exora Business Parks has acquired 51% shares in Dashanya Tech Parkz (engaged in development and construction of commercial office space) for Rs. 66.07 crore. Dashanya had a turnover of Rs. 245.1 crore in FY2022. Positive for the stock.

  • Prestige Estates arm acquires 51% in Dashanya Tech for Rs. 66 Cr

    19 Apr 2023 , 10:12AM Acquisition of 51 % Equity shares in Dashanya Tech Parkz Pvt Ltd

  • Prestige Estates Projects

    22 Feb 2023 , 9:16AM Prestige Estates Projects, Analyst Meet Key highlights

  • Prestige Estates Projects

    2 Feb 2023 , 10:41AM During Q3FY2023, the group registered sales of Rs. 2519 crore, down 41% y-o-y (down 28% q-o-q) and collections of Rs. 2293 crore, down 6% y-o-y (down 12% q-o-q). The launches stood at 4.06 msf (down 51% y-o-y, down 45% q-o-q) and completions at 11.04msf (as against 1.02msf/2.58msf) during Q3FY2022/Q2FY2023. Negative for the stock.

  • Prestige Estates Projects

    19 Oct 2022 , 10:48AM The company announced operational update for Q2FY2023 which is as follows- The sales booking was up 66% y-o-y (up 1% q-o-q) at Rs. 3511 crore. The sales volumes were up 28% y-o-y (up 0.7% q-o-q) at 4.55msf with an average realisation of Rs. 7711/sft. Collections were up 68% y-o-y (up 1% q-o-q) at Rs. 2603 crore. It launched five projects spanning 7.39msf in Q2FY2023 compared to 3.49msf/9.67msf in Q2FY2022/Q1FY2023. It completed 2.58msf projects in Q2FY2023 as against 8.08msf/0.78msf in Q2FY2022/Q1FY2023. View: The company continued to report strong sales booking while as per management it is headed for some big launches in the upcoming quarters. Positive for the stock.

  • Prestige Estates Projects

    3 Oct 2022 , 2:08PM The Company through its wholly owned subsidiary Prestige Retail Ventures (PRVL), has acquired 30% stake in Prestige OMR Ventures LLP for Rs. 45 crores. With the acquisition, the LLP now has become a wholly owned subsidiary of the company. Further, the company has transferred its 69% stake in the LLP to PRVL, the apex entity for retail vertical of the Group, this brings PRVL holding in the LLP to 99% and balance 1% continues to be held by the Company. Prestige OMR Ventures LLP is developing a retail mall with developable area of approximately 1.96 million sft in Chennai. Positive for the stock.

  • Prestige Estates Projects

    27 May 2022 , 10:30AM Prestige Estates Projects: The company’s board approved issuance of Non-convertible debentures for an aggregate amount up to Rs. 1,000 Crores on Private placement basis.

  • Prestige Estate Projects

    20 May 2022 , 9:51AM Prestige Estate Projects: The company at its board meeting on May 26, 2022 would consider issuance of Non-Convertible Debentures.

  • Prestige Estates Project

    28 Mar 2022 , 2:19PM The Company has consummated 51% stake divestment in Prestige RMZ Star Tech to CPP Investment Board Private Holdings. Positive for the stock.

  • Prestige Estates Projects

    2 Mar 2022 , 11:28AM Prestige Estates Projects: The company has signed definitive documents with CPP Investment Board, an affiliate of Canada Pension Plan Investment Board for investing in, and/ or acquiring entire 51% of the rights and interest held by the Company in commercial project RMZ Star Tech, Bengaluru at an EV of Rs. 1900 crore. Positive for the stock.

  • Prestige Estates Projects Q3FY22 Consolidated Results

    10 Feb 2022 , 11:44AM Prestige Estates Projects Q3FY22 Consolidated Results – Strong growth in sales and collections; Net debt rises q-o-q

  • Prestige Estates Projects

    18 Jan 2022 , 9:45AM The Group has registered highest ever quarterly sales of Rs. 4267.6 cr, up 111% YoY and has clocked highest ever collections of Rs. 2431.6 cr, up 70% YoY for Q3FY2022. Positive for the stock.

  • Prestige Estates Projects

    12 Oct 2021 , 9:36AM The company reported an 88% y-o-y growth in its sales bookings at Rs 2,111.9 crore for Q2FY2022 on better housing demand. The collections were up 35% y-o-y at Rs. 1551.5 crore. Positive for the stock.

  • Prestige Estates

    25 Aug 2021 , 10:09AM The Company through its wholly owned subsidiary M/s. Prestige Office Ventures has acquired 70% equity stake in Shipco Infrastructure Private Limited for cash consideration of Rs. 22.68 crores for creating logistics and warehousing space. Positive for the stock.

  • Prestige Estates

    11 Aug 2021 , 10:07AM The company’s pre-sales for Q1FY2022 were up 59% y-o-y at Rs. 734 crore while collections were up 40% y-o-y at Rs. 1022 crore. The consolidated revenues for Q1FY2022 grew by 11% y-o-y (-38% q-o-q) at Rs. 1416 crore. OPM stood at 24.4% (almost flat q-o-q, -1008bps y-o-y). The consolidated net profit was at Rs. 57 crore versus 1.6 crore in Q1FY2021.

  • Prestige Estates Projects

    25 Jun 2021 , 10:57AM Prestige Estates Projects: The company has acquired 100% stake in Ariisto Developers through a resolution plan submitted by it in the corporate insolvency resolution process.

  • Prestige Estates Projects

    19 Apr 2021 , 11:25AM The Company has acquired 45% stake in Century Megacity and 55% stake in Century Landmark. Both firms are partnership firms holding land parcels in North Bangalore, which will be developed as office space in the near future. Positive for the stock.

  • Prestige Estates Projects

    12 Mar 2021 , 10:37AM Prestige Estates Projects: The company has completed phase 1 of proposed transaction with Blackstone Group. The enterprise value forming part of phase 1 is ~Rs. 7467 crore out of the total enterprise value of ~Rs. 9160 crore. Positive for the stock.

  • Prestige Estates Projects

    2 Mar 2021 , 10:28AM Further to its disclosure to stock exchanges made on November 9, 2020, the Company executed the asset specific agreements with BREP Acquirers (Blackstone entities) for sale of 12 assets/undertakings comprising of completed retail, office and hotel assets as Phase I of the Proposed Transaction.

  • Prestige Estates

    9 Dec 2020 , 12:06PM Prestige Estates: As per media reports, Competition Commission of India (CCI) has approved the acquisition of certain assets of Prestige Group by affiliates of Blackstone Group Inc. Positive for the stock.

  • Prestige Estates Projects

    10 Nov 2020 , 10:37AM The company executed term sheet with Blackstone group entities for sale of certain direct and indirect interest in commercial offices, retail and hotel properties, mall management and identified maintenance business. The consideration for the assets is based on enterprise value of Rs. 9160 crore. The assets contributed 13% of FY2020 revenues. Positive for the stock.

  • Prestige Estates signs term sheet with Blackstone

    19 Oct 2020 , 1:37PM Prestige Estates signs term sheet with Blackstone for divesting stake in identified office and retail assets

  • Prestige Estates Projects

    19 Oct 2020 , 10:45AM The company has signed a non-binding letter of intent with certain entities, of The Blackstone Group, for the sale of certain of the Company's direct and indirect interest in certain commercial offices, retail and hotel properties, mall management and identified maintenance businesses. The Transactions will be consummated through a combination of primary investments, secondary transactions (share purchase / business transfers), partnerships / joint ventures or such other modes, as may be mutually agreed between the parties. Positive for the stock.

  • Prestige Estates Projects

    10 Aug 2020 , 9:52AM As per media reports, blackstone group is set to acquire Prestige group’s rental income assets for more than $1.7 billion (Rs. 12745 crore). Blackstone is expected to acquire 100% of around 20 million square feet of commercial space, including 16 msf ready and completely leased assets. The deal is likely to include Prestige’s nine operational malls and hospitality assets. If the deal goes through, Prestige is expected to repay all of its debt and deploy the rest as equity capital for growth. Positive read thru for the stock.

  • Prestige Estate Projects

    31 Jan 2020 , 10:35AM The Fund Raising Committee of the Board approved the opening of QIP from January 30, 2020 at the floor price of Rs. 391.9 (~5% premium to LTP).

  • Prestige Estates

    27 Jan 2020 , 11:11AM Prestige Estates’s board approved allotment of 1.34 crore shares on a preferential basis at Rs. 325 per share, aggregating to Rs. 437 crore.

  • Prestige Estates

    27 Jan 2020 , 10:01AM Revenues at `2681cr vs `1054cr, up 154% PAT at ` 161.8cr vs `58cr, up 179% EBITDA at `718.6cr vs `343.5cr, up 109% Margins at 26.8% vs 32.6%

  • Prestige Estates

    20 Jan 2020 , 12:27PM The company’s subsidiary has acquired 50% stake in Lokhandwala DB Realty

  • Prestige Estates Projects

    16 Dec 2019 , 11:39AM The company’s Board has approved to create, offer, issue and allot upto 1,98,00,000 equity shares of the Company of face value of Rs. 10 each or other Eligible Securities through a Qualified Institutions Placement.

  • Prestige Estates Projects

    12 Dec 2019 , 11:05AM The Board of Directors of the Company is scheduled to meet on 14th December 2019, inter alia, to consider and approve raising of funds through rights issue, public issue, qualified institutions placement (QIP), preferential issue or any other method that may be permitted.

  • Prestige Estates jumps on stake buy in DB Realty's Mumbai project

    19 Nov 2019 , 12:30PM Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Pvt Ltd

  • Prestige Estates Projects

    13 Nov 2019 , 11:00AM Prestige Estates Projects reported 48% y-o-y growth in consolidated revenue to Rs. 1923 crore for Q2FY2020. The company’s OPM expanded by 353BPS y-o-y to 31.7% which was partly offset by rise in depreciation (up 2.1x y-o-y) and interest expense (up 1.6x y-o-y) leading to lower PAT before minority interest growth of 53.8% y-o-y to Rs. 230 crore. Higher share of minority interest (up 9x y-o-y) led to net profit after minority interest growth of 14.3% y-o-y to Rs. 110.6 crore.

  • Prestige Estates up on buying balance stake Babji Realtors

    16 Apr 2019 , 12:54PM Acquisition of balance stake in Babji Realtors Pvt Ltd via subsidiary company for Rs. 363.98 crore

  • Prestige Estates set to enter national capital region with 2-projects

    7 Sep 2018 , 2:41PM Prestige Estates is set to enter the national capital region with two projects viz. a middle income housing project in Noida and a commercial office project in Gurugram by the end of March as per media reports. Positive read thru for the stock

  • CDPQ to invest in real estate assets of prestige

    19 Sep 2017 , 1:05PM Canadian pension fund CDPQ is in advanced talks with Prestige Group to invest as much as $200 million in the commercial real estate assets of prestige, marking its first investment into India's property sector - Positive read thru for the stock.
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Key fundamentals

Evaluate the intrinsic value of Prestige Estates Projects Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 10589 9993.9 8944.7 7451.2 9610.7
Liabilities 10589 9993.9 8944.7 7451.2 9610.7
Equity 400.9 400.9 400.9 400.9 400.9
Gross Profit 819.9 950.6 828.1 940.6 999.3
Net Profit 245.8 340.9 947.3 212.8 262.4
Cash From Operating Activities 130.5 705.9 1491.7 2884.6 219.7
NPM(%) 9.27 7.87 20.77 5.24 7.81
Revenue 2651.2 4329.7 4559.2 4054.2 3355.8
Expenses 1831.3 3379.1 3731.1 3113.6 2356.5
ROE(%) 1.48 2.05 5.72 1.28 1.58

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
23 Sep 2024 1.8 18 0.13 1505.1
17 Sep 2021 1.5 15 0.13 352.5
19 Mar 2020 1.5 15 0.13 299.05
17 Sep 2019 1.5 15 0.13 285.6
10 Sep 2018 1.2 12 0.13 261.05
19 Sep 2017 1.2 12 0.13 241.45
30 Mar 2016 1.2 12 0.13 139
23 Sep 2015 1.5 15 0.13 281.15
18 Sep 2014 1.5 15 0.13 209.9
29 Aug 2013 1.2 12 0.13 178.25
30 Aug 2012 1.2 12 0.13 110.3
21 Jul 2011 1.2 12 0.13 143.45

Peers

Other companies within the same industry or sector that are comparable to Prestige Estates Projects Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Prajay Engineers Syndicate Ltd 19.45 -0.61 0.00 9929.48 -55.70 0.00
Hubtown Ltd 186.04 0.84 0.00 11349.30 -63.55 0.00
Shriram Properties Ltd 82.04 0.22 28.19 24183.45 44.30 0.00
IRB Infrastructure Developers Ltd 51.35 3.30 4.79 857417.22 1073.14 0.58

Company Info

Our Company commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties with its registered office at No. 6, Commercial Street, Bangalore 560 001. The partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack and Sameera Noaman. The partnership firm was reconstituted on March 31, 1997 between Late S. Razack, Irfan Razack, Rezwan Razack, Sameera Noaman, Noaman Razack, Rabia Razack, Badrunissa Irfan and Almas Rezwan. The name of the firm was changed to Prestige Estates Projects by a supplementary deed of partnership dated May 12, 1997. The firm was registered as a private limited company under Part IX of the Companies Act on June 4, 1997 with the name Prestige Estates Projects Private Limited and was allotted company identification number 08/22322/1997. All of the business and property of the erstwhile partnership firm therefore became vested in our Company. Our Company was converted into a public limited company on November 10, 2009 with the name Prestige Estates Projects Limited and received a fresh certificate of incorporation consequent upon change in status on November 10, 2009 from the RoC. Changes in Registered Office The registered office of our Company was shifted from No. 303, 'Copper Arch`, No. 83, Infantry Road, Bangalore 560 001 to The Falcon House, No.1, Main Guard Cross Road, Bangalore 560 001, with effect from January 2, 2005 pursuant to a resolution of the Board dated January 1, 2005. The change in registered office was effected for operational convenience. Key Events, Milestones and Achievements 1986 Our Company commenced operations as the partnership firm Prestige Estates and Properties 1988 Completed Copper Arch on Infantry Road, our first project Prestige Opal and Prestige Four Seasons rated by FIABCI among the 30 best developments in the world Prestige Meridian awarded the Best Building of the Year by the Accomodation Times, Mumbai 1995 Inaugurated Whistling Palms, our first plotted development project 1997 Inaugurated Prestige Elgin, our 50th project The firm Prestige Estates Projects was registered as Prestige Estates Projects Private Limited`, a private limited company under Part IX of the Companies Act The name of the partnership firm was changed to Prestige Estates Projects Year 1998 Foray into property management services Year 2001 Commenced operation of Angsana, our first hospitality project Received ISO 9001:2000 Certification Inaugurated Prestige Acropolis 2002 Prestige Acropolis awarded in the Residential Category at the International Real Estate Federation (FIABCI) Awards 2003 Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title) Year 2004 Inaugurated Forum Mall, our first retail project We were highly commended in the software facility category by FIABCI 2005 Euro Money Award for excellence in real estate 2006 Inaugurated Prestige Ozone a villa development Launched Prestige Shantinikethan, an integrated township Launched Cessna Business Park, an SEZ 2007 Entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and township Expanded our operation to Cochin, Chennai and Hyderabad Inaugurated UB City, our largest mixed use development Company has been recognised as a Member in Good Standing in the Fellowship of Good Green Governance`, by Srishti UB City awarded the Best Developer award in the Mixed Use Category at the Cityscape Real Estate Awards The Forum rated as the Best Mall in the Country at the Real Estate Excellence Awards Prestige Acropolis was highly commended in the Residential Category Award by FIABCI Year 2008 Started operations of Oakwood Premier Prestige, serviced apartments at UB City Inaugurated the Collections, a luxury mall at UB City Entered into strategic alliance with CRIDF for developing malls across South India Launched Prestige Golfshire Entered into a relationship with UIOF Company was awarded the Best Developer (Retail Project) award at the Real Estate Excellence Awards Company was awarded the Overall Achievement Award at the Real Estate Excellence Awards UB City awarded the Outstanding Corporate Structure of Karnataka` award at the ICI-KBC Birla Super Endowment Award The Forum was Highly Commended under the category of Best Developer Retail (Built) at the Cityscape Asia Real Estate Awards The Forum awarded the Most Admired Shopping Centre Of The Year: Retailers` Choice` award by Images Shopping Centre Awards (ISCA) Prestige Elgin was awarded the Best Redevelopment award at the CNBC Asia Pacific Property Awards Prestige Exotica awarded the Best High-Rise Development award at the CNBC Asia Pacific Property Awards Prestige Acropolis awarded the Best Architecture (Multiple-Units) award at the CNBC Asia Pacific Property Awards Prestige South Ridge awarded the Best Property Marketing award at the CNBC Asia Pacific Property Awards Prestige Neptune`s (courtyard) awarded the Best Marina Development award at the CNBC Asia Pacific Property Awards Prestige South Ridge awarded the Best Interior Design at the CNBC Asia Pacific Property Awards` Angsana Oasis Resort and Spa awarded the Best Destination Spa at the Pevonia Asia Spa Awards, 2008` Year 2009 Company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh certificate of incorporation consequent upon change in status from the RoC Inaugurated the Forum Value Mall UB City was awarded the Best Mixed Use Development (India) award by CNBC Asia Pacific Property Awards Prestige Golfshire was awarded the Best Golf Development (India) award by CNBC Asia Pacific Property Awards Prestige Golfshire was awarded the Highly Commended Best Mixed Used Development-Future award at the Cityscape Awards, Real Estate, Asia Prestige Elgin won an award in the Heritage (Restoration) Category at the Prix d Excellence Awards 2010 -Launched Prestige White Meadows -Prestige Estates to float IPO on Oct 12 Company was awarded certificate of merit for being one of India`s Top 10 Builders at the Construction World Architect & Builder Awards 2010 Company was awarded the Commercial Master Builder Award by Construction Source India The Popular Choice Developer of the Year - Residential award at the Realty Excellence Awards in favour of Prestige Developers UB City was awarded the Architecture Award (Retail) by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. UB City was Highly Commended for Architecture Award (Mixed Use) India category, the Architecture Award (Leisure & Hospitality) India category and the Architecture Award (Office) India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. Prestige Oasis was Highly Commended in the Best Development Marketing India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. Oakwood Premier Serviced Residences was Highly Commended for Best Hotel Construction & Design India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television The Forum Value Mall, Whitefield was Highly Commended for the Best Retail Development India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. 2011 -Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares of the Company for the financial year ending March 31, 2011. 2012 -Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares. 2013 -Board recommended a Dividend of Rs. 1.20/- per equity share. -Prestige Estates Projects Ltd won a Indian Realty Awards for the year 2013 2014 -Prestige group ties up with Disney to build Disney-themed homes - Board recommended a Dividend of Rs. 15% on equity shares 2015 -PVR Cinemas to Add 67 Screens -Prestige Acquires Red Fort Pie in Bengaluru's Exora Biz Park -Realty Plus Excellence Awards -Construction Week India Awards -Asia Pacific International Property Awards -National Awards for Marketing Excellence 2016 -Prestige Estate gains as CLSA adds stock to model portfolio. 2017 - Realty Plus Excellence Awards - BMA Award - ICI (BC) - Birla Super Award - WCRC Award - CREDAI Awards for Real Estate (CARE) - Asia Pacific Property Awards 2018 -Prestige Estates Projects Ltd Acquisition of CapitaLand's Stake in Various Mall Entities - Integrated Property Development Company of the Year - Asia's most admired brand 2017-18 2019 -Prestige Estates Projects Ltd got Ultra Luxury Residential project of the year 2020 -Prestige Estates Projects Ltd is the Indias First Paper Currency Museum -Prestige launches Windsor Park in Chennai -Prestige Group announces the launch of Prestige Tranquil - Prestige Estates Projects Ltd awarded Innovative Marketing campaign of the year -Prestige Group announces the launch of its fifth residential development in Chennai 2021 -Prestige Estates Projects Ltd is the Top Real Estate Companies With Highest Sales In India 2021 -Prestige Estates highest bidder for Ariisto's Mumbai project -Prestige Group launches premium plotted development in north Bengaluru -Prestige, Blackstone sign Rs 9,160-cr deal -Prestige Estates Projects Ltd awarded Top 50 Marketing Minds Awards 2021 2022 -Prestige Estates Projects received The Best of Bharat Award 2022. -Prestige Estates acquires additional 10% equity stake in Prestige Sterling Infraprojects Private Limited. 2023 -Prestige Estates Projects Limited entered into joint venture with W.S. Industries (India) Limited. -Prestige Group acquired balance stake from DB Group to own 100% stake in Prestige (BKC) Realtors Private Limited and Turf Estate Joint Venture LLP for Rs. 1,176 Crores. 2024 -Te Company informed about acquisition of equity stake in WSI Falcon Infra Projects Private Limited. -Prestige Group acquires 22,135 sq. meters of land in Mira Bhayandar Municipal Corporation, Mumbai next to western express highway.

Our Company commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties with its registered office at No. 6, Commercial Street, Bangalore 560 001. The partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack and Sameera Noaman. The partnership firm was reconstituted on March 31, 1997 between Late S. Razack, Irfan Razack, Rezwan Razack, Sameera Noaman, Noaman Razack, Rabia Razack, Badrunissa Irfan and Almas Rezwan. The name of the firm was changed to Prestige Estates Projects by a supplementary deed of partnership dated May 12, 1997. The firm was registered as a private limited company under Part IX of the Companies Act on June 4, 1997 with the name Prestige Estates Projects Private Limited and was allotted company identification number 08/22322/1997. All of the business and property of the erstwhile partnership firm therefore became vested in our Company. Our Company was converted into a public limited company on November 10, 2009 with the name Prestige Estates Projects Limited and received a fresh certificate of incorporation consequent upon change in status on November 10, 2009 from the RoC. Changes in Registered Office The registered office of our Company was shifted from No. 303, 'Copper Arch`, No. 83, Infantry Road, Bangalore 560 001 to The Falcon House, No.1, Main Guard Cross Road, Bangalore 560 001, with effect from January 2, 2005 pursuant to a resolution of the Board dated January 1, 2005. The change in registered office was effected for operational convenience. Key Events, Milestones and Achievements 1986 Our Company commenced operations as the partnership firm Prestige Estates and Properties 1988 Completed Copper Arch on Infantry Road, our first project Prestige Opal and Prestige Four Seasons rated by FIABCI among the 30 best developments in the world Prestige Meridian awarded the Best Building of the Year by the Accomodation Times, Mumbai 1995 Inaugurated Whistling Palms, our first plotted development project 1997 Inaugurated Prestige Elgin, our 50th project The firm Prestige Estates Projects was registered as Prestige Estates Projects Private Limited`, a private limited company under Part IX of the Companies Act The name of the partnership firm was changed to Prestige Estates Projects Year 1998 Foray into property management services Year 2001 Commenced operation of Angsana, our first hospitality project Received ISO 9001:2000 Certification Inaugurated Prestige Acropolis 2002 Prestige Acropolis awarded in the Residential Category at the International Real Estate Federation (FIABCI) Awards 2003 Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title) Year 2004 Inaugurated Forum Mall, our first retail project We were highly commended in the software facility category by FIABCI 2005 Euro Money Award for excellence in real estate 2006 Inaugurated Prestige Ozone a villa development Launched Prestige Shantinikethan, an integrated township Launched Cessna Business Park, an SEZ 2007 Entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and township Expanded our operation to Cochin, Chennai and Hyderabad Inaugurated UB City, our largest mixed use development Company has been recognised as a Member in Good Standing in the Fellowship of Good Green Governance`, by Srishti UB City awarded the Best Developer award in the Mixed Use Category at the Cityscape Real Estate Awards The Forum rated as the Best Mall in the Country at the Real Estate Excellence Awards Prestige Acropolis was highly commended in the Residential Category Award by FIABCI Year 2008 Started operations of Oakwood Premier Prestige, serviced apartments at UB City Inaugurated the Collections, a luxury mall at UB City Entered into strategic alliance with CRIDF for developing malls across South India Launched Prestige Golfshire Entered into a relationship with UIOF Company was awarded the Best Developer (Retail Project) award at the Real Estate Excellence Awards Company was awarded the Overall Achievement Award at the Real Estate Excellence Awards UB City awarded the Outstanding Corporate Structure of Karnataka` award at the ICI-KBC Birla Super Endowment Award The Forum was Highly Commended under the category of Best Developer Retail (Built) at the Cityscape Asia Real Estate Awards The Forum awarded the Most Admired Shopping Centre Of The Year: Retailers` Choice` award by Images Shopping Centre Awards (ISCA) Prestige Elgin was awarded the Best Redevelopment award at the CNBC Asia Pacific Property Awards Prestige Exotica awarded the Best High-Rise Development award at the CNBC Asia Pacific Property Awards Prestige Acropolis awarded the Best Architecture (Multiple-Units) award at the CNBC Asia Pacific Property Awards Prestige South Ridge awarded the Best Property Marketing award at the CNBC Asia Pacific Property Awards Prestige Neptune`s (courtyard) awarded the Best Marina Development award at the CNBC Asia Pacific Property Awards Prestige South Ridge awarded the Best Interior Design at the CNBC Asia Pacific Property Awards` Angsana Oasis Resort and Spa awarded the Best Destination Spa at the Pevonia Asia Spa Awards, 2008` Year 2009 Company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh certificate of incorporation consequent upon change in status from the RoC Inaugurated the Forum Value Mall UB City was awarded the Best Mixed Use Development (India) award by CNBC Asia Pacific Property Awards Prestige Golfshire was awarded the Best Golf Development (India) award by CNBC Asia Pacific Property Awards Prestige Golfshire was awarded the Highly Commended Best Mixed Used Development-Future award at the Cityscape Awards, Real Estate, Asia Prestige Elgin won an award in the Heritage (Restoration) Category at the Prix d Excellence Awards 2010 -Launched Prestige White Meadows -Prestige Estates to float IPO on Oct 12 Company was awarded certificate of merit for being one of India`s Top 10 Builders at the Construction World Architect & Builder Awards 2010 Company was awarded the Commercial Master Builder Award by Construction Source India The Popular Choice Developer of the Year - Residential award at the Realty Excellence Awards in favour of Prestige Developers UB City was awarded the Architecture Award (Retail) by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. UB City was Highly Commended for Architecture Award (Mixed Use) India category, the Architecture Award (Leisure & Hospitality) India category and the Architecture Award (Office) India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. Prestige Oasis was Highly Commended in the Best Development Marketing India category by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. Oakwood Premier Serviced Residences was Highly Commended for Best Hotel Construction & Design India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television The Forum Value Mall, Whitefield was Highly Commended for the Best Retail Development India by the Asia Pacific Commercial Property Awards in association with Bloomberg Television. 2011 -Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares of the Company for the financial year ending March 31, 2011. 2012 -Prestige Estates Projects Ltd recommends Final Dividend at the rate of 12% on the equity shares. 2013 -Board recommended a Dividend of Rs. 1.20/- per equity share. -Prestige Estates Projects Ltd won a Indian Realty Awards for the year 2013 2014 -Prestige group ties up with Disney to build Disney-themed homes - Board recommended a Dividend of Rs. 15% on equity shares 2015 -PVR Cinemas to Add 67 Screens -Prestige Acquires Red Fort Pie in Bengaluru's Exora Biz Park -Realty Plus Excellence Awards -Construction Week India Awards -Asia Pacific International Property Awards -National Awards for Marketing Excellence 2016 -Prestige Estate gains as CLSA adds stock to model portfolio. 2017 - Realty Plus Excellence Awards - BMA Award - ICI (BC) - Birla Super Award - WCRC Award - CREDAI Awards for Real Estate (CARE) - Asia Pacific Property Awards 2018 -Prestige Estates Projects Ltd Acquisition of CapitaLand's Stake in Various Mall Entities - Integrated Property Development Company of the Year - Asia's most admired brand 2017-18 2019 -Prestige Estates Projects Ltd got Ultra Luxury Residential project of the year 2020 -Prestige Estates Projects Ltd is the Indias First Paper Currency Museum -Prestige launches Windsor Park in Chennai -Prestige Group announces the launch of Prestige Tranquil - Prestige Estates Projects Ltd awarded Innovative Marketing campaign of the year -Prestige Group announces the launch of its fifth residential development in Chennai 2021 -Prestige Estates Projects Ltd is the Top Real Estate Companies With Highest Sales In India 2021 -Prestige Estates highest bidder for Ariisto's Mumbai project -Prestige Group launches premium plotted development in north Bengaluru -Prestige, Blackstone sign Rs 9,160-cr deal -Prestige Estates Projects Ltd awarded Top 50 Marketing Minds Awards 2021 2022 -Prestige Estates Projects received The Best of Bharat Award 2022. -Prestige Estates acquires additional 10% equity stake in Prestige Sterling Infraprojects Private Limited. 2023 -Prestige Estates Projects Limited entered into joint venture with W.S. Industries (India) Limited. -Prestige Group acquired balance stake from DB Group to own 100% stake in Prestige (BKC) Realtors Private Limited and Turf Estate Joint Venture LLP for Rs. 1,176 Crores. 2024 -Te Company informed about acquisition of equity stake in WSI Falcon Infra Projects Private Limited. -Prestige Group acquires 22,135 sq. meters of land in Mira Bhayandar Municipal Corporation, Mumbai next to western express highway.

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Parent Organisation

Prestige Estates Projects Ltd.

Founded

04/06/1997

Managing Director

Mr.Irfan Razack

NSE Symbol

PRESTIGEEQ

FAQ

The current price of Prestige Estates Projects Ltd is ₹ 1432.60.

The 52-week high for Prestige Estates Projects Ltd is ₹ 1449.90 and the 52-week low is ₹ 1424.10.

The market capitalization of Prestige Estates Projects Ltd is currently ₹ 61706.41. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Prestige Estates Projects Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Prestige Estates Projects Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Prestige Estates Projects Ltd shares.

The CEO of Prestige Estates Projects Ltd is Mr.Irfan Razack, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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